Monero price analysis: XMR set to spike to $160 in the next 24 hours

TL; DR Breakdown Yesterday, XMR/USD was in a bullish trend.The general cryptocurrency market is bullish, as the heat map suggests.The daily Monero price analysis chart is trading in a bullish trend. Monero price analysis: General rice overview Yesterday, XMR/USD was in a bullish trend. On the other hand, the coin experienced a powerful bear movement before closing yesterday’s Monero price analysis. When the daily price chart set in, this bearish pattern was reversed, pushing prices upward and forming head and shoulder trends to the intraday highs of $255, where it met stiff resistance from sellers that caused the price to drop somewhat. The Monero price analysis indicates that the price is rising, albeit slowly, today as XMR bulls battle on a weak node. During the current hours, the prices have been retreating yet again, and now the price has fallen even further to $245. The bulls are battling back for the lead as the price of Monero continues to rise, according to the 1-day Monero price analysis. The cryptocurrency market has been very active this past week, with prices continuously dropping. The bulls fell apart after the price hit $285, which was much more significant than anticipated. They have been successful enough today to move the price to $255.2, having previously dropped it below $250. The moving average (MA) is still higher than during the previous week, which means that the bears are in front by a small marg...